This highly awarded, neighborhood favorite restaurant averages over $140,000 in Seller Discretionary Earnings (Full time owner-operator model). It is known as the local favorite for having high quality fast-casual food in a great family environment. Average customer ratings range from 4 to 4.5 stars. This business has a Type 41 liquor (beer and wine) license.
This business was started in 2013 on the San Mateo coast and has averaged over $1.2 Million in sales during the last three years. The landlord is amenable to executing a new lease with wellqualified buyers (current lease option expires in 2021).
Note that the owner is interested in selling to experienced full-time owner-operators only. The owner currently works 10 hours/week at this restaurant due to other business interests.
Due to upcoming retirement plans they have priced the business at a great price and are not interested in considering seller financing. Well qualified, owner operators will need approximately $100,000 down payment (SBA).
Offering price is $375,000 (plus inventory).
Business Listing Data Sheet
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|General Location||San Mateo County, CA|
|Revenue Details||2017 Gross|
|Adjusted Net/SDE (Seller's Discretionary Earnings)||$140,000.00|
|Adjusted Net/SDE Details||3-year weighted average|
|Hours of Operation||Monday though Sunday|
|Business Owned Since||2013|
|Reason for Selling||Retirement|